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Michael Gelband ExodusPoint Capital Management

AUM $15.5B
1-Year Est. Return 38.81%
 

Michael Gelband is a co-founder of ExodusPoint Capital Management, a multi-strategy hedge fund launched by veterans of larger alternative platforms. The firm pursues diversified strategies across asset classes with a focus on risk-managed absolute returns. Gelband’s firm is followed as part of the newer generation of multi-strategy complexes.

This Fund
S&P 500
This Quarter Est. Return
-0.13%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$7.41B
AUM Growth
-$1.63B
Cap. Flow
-$1.27B
Cap. Flow %
-17.2%
Top 10 Hldgs %
9.76%
Holding
2,951
New
679
Increased
670
Reduced
594
Closed
919

Top Buys

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$60.6M
2
CSGP icon
CoStar Group
CSGP
+$57.8M
3
ED icon
Consolidated Edison
ED
+$52.3M
4
DE icon
Deere & Co
DE
+$44.5M
5
EXC icon
Exelon
EXC
+$42.1M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$483M
2
AMZN icon
Amazon
AMZN
+$366M
3
MRNA icon
Moderna
MRNA
+$123M
4
ETR icon
Entergy
ETR
+$44.9M
5
LIN icon
Linde
LIN
+$43.7M

Sector Composition

Rank Sector Weight
1 Technology 16.98%
2 Industrials 10.54%
3 Consumer Discretionary 9.76%
4 Financials 9.11%
5 Healthcare 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLPR
2176
Clipper Realty
CLPR
$55.3M
– –
-11,470
Closed -$84K
CLOV icon
2177
Clover Health Investments
CLOV
$2.18B
– –
-111,670
Closed -$1.49M
CLRB icon
2178
Cellectar Biosciences
CLRB
$23.7M
– –
-48
Closed -$17K
CMBM
2179
DELISTED
Cambium Networks
CMBM
– –
-5,306
Closed -$257K
CMCL icon
2180
Caledonia Mining Corp
CMCL
$483M
– –
-36,701
Closed -$444K
CNI icon
2181
CALL
Canadian National Railway
CNI
$77.1B
– –
-10,000
Closed -$1.05M
CNMD icon
2182
CONMED
CNMD
$1.54B
– –
-7,579
Closed -$1.04M
CNP icon
2183
CenterPoint Energy
CNP
$25.8B
– –
-1,470,400
Closed -$36.1M
CNTY icon
2184
Century Casinos
CNTY
$35.5M
– –
-30,623
Closed -$411K
CODX
2185
Co-Diagnostics
CODX
$7.63M
– –
-2,158
Closed -$534K
COHU icon
2186
Cohu
COHU
$2.43B
– –
-42,584
Closed -$1.57M
COKE icon
2187
Coca-Cola Consolidated
COKE
$12.8B
– –
-9,590
Closed -$386K
COLM icon
2188
Columbia Sportswear
COLM
$3.08B
– –
-28,786
Closed -$2.83M
COR icon
2189
Cencora
COR
$61.8B
– –
-44,344
Closed -$5.08M
COTY icon
2190
Coty
COTY
$2.47B
– –
-353,918
Closed -$3.31M
CRMD icon
2191
CorMedix
CRMD
$645M
– –
-21,310
Closed -$146K
CRMT icon
2192
America's Car Mart
CRMT
$19.2M
– –
-7,183
Closed -$1.02M
CRNC icon
2193
Cerence
CRNC
$342M
– –
-58,537
Closed -$6.25M
CROX icon
2194
Crocs
CROX
$6.03B
– –
-9,534
Closed -$1.11M
CRSR icon
2195
Corsair Gaming
CRSR
$1.18B
– –
-12,050
Closed -$401K
CRUS icon
2196
Cirrus Logic
CRUS
$5.6B
– –
-21,780
Closed -$1.85M
CSV icon
2197
Carriage Services
CSV
$549M
– –
-5,585
Closed -$206K
CSWC icon
2198
Capital Southwest
CSWC
$1.61B
– –
-36,589
Closed -$850K
CTBI icon
2199
Community Trust Bancorp
CTBI
$1.39B
– –
-13,999
Closed -$565K
CTSO icon
2200
Cytosorbents Corp
CTSO
$23.9M
– –
-48,071
Closed -$363K
86 87
88
89 90

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Michael Gelband's Q3 2021 Portfolio in Review

As of Q3 2021, Michael Gelband held 2,951 positions worth $7.41B, down 18% from $9.04B the previous quarter. Its ten largest holdings account for 9.8% of the portfolio.

Michael Gelband withdrew a net $1.27B in Q3 2021, closing 919 positions and reducing 594 holdings. Its most notable exit was Amazon, an estimated $366M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Michael Gelband opened a new position in Advanced Micro Devices worth $61M.

  • Michael Gelband's largest Q3 2021 buy was Advanced Micro Devices: 592,990 shares worth $61M.
  • Michael Gelband added most to CoStar Group in Q3 2021, an estimated $57.8M increase.
  • Michael Gelband's biggest Q3 2021 reduction was Microsoft, cutting an estimated $483M.
  • Michael Gelband fully exited Amazon in Q3 2021, selling an estimated $366M.
  • Michael Gelband's ten largest holdings make up 9.8% of its $7.41B portfolio in Q3 2021.
  • Michael Gelband opened 679 new positions and closed 919 in Q3 2021.
  • Michael Gelband's portfolio value fell 18% quarter-over-quarter to $7.41B.

Based on ExodusPoint Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.